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Altierre Raises Third Venture Capital Round

Tuesday, March 11, 2008 5:57:00 AM PDT | VentureDeal Staff

SAN JOSE, CA -- Wireless company Altierre announced that it has closed its series C venture capital round, raising $22 million in new investment.

Altierre has developed a wireless hardware and software RFID system that promises to enable retailers the ability to optimize pricing, reduce inaccuracies and increase their revenues.

Investors were the Galleon Group, ATA Ventures, D.E. Shaw Group, Dupont Capital Management and Labrador Ventures.  The funding proceeds will be used to ramp up production in anticipation of multiple implementations with major retail chains.

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